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Trillion-dollar global fund industry faces pressure to tighten belt
Home to trillions of dollars of global wealth, mutual-fund firms face an unfamiliar round of belt-tightening as changes in the way people invest and rising costs chip away at rich margins. After years of underwhelming returns in a low-interest rate environment, savers are dumping high-fee funds in favour of cheaper…
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Click here to read the full story: The Globe and Mail